5 Consumer Durables Stocks Dragging The Industry Down

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 22 points (-0.1%) at 16,065 as of Monday, Dec. 2, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,883 declining with 116 unchanged.

The Consumer Durables industry currently sits down 0.7% versus the S&P 500, which is unchanged.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Canon ( CAJ) is one of the companies pushing the Consumer Durables industry lower today. As of noon trading, Canon is down $0.32 (-1.0%) to $33.00 on light volume. Thus far, 74,340 shares of Canon exchanged hands as compared to its average daily volume of 384,500 shares. The stock has ranged in price between $32.90-$33.44 after having opened the day at $33.08 as compared to the previous trading day's close of $33.32.

Canon Inc. engages in the manufacture and sale of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras, and lithography equipment worldwide. Canon has a market cap of $38.2 billion and is part of the consumer goods sector. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7. Shares are down 15.4% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Canon a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Canon as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and deteriorating net income. Get the full Canon Ratings Report now.